Việt Nam News

The Public Procurement Agency, under the Ministry of Planning and Investment, will take measures to double the number of online bidding this year.

Renovating the growth model and raising productivity are the key tasks to develop Việt Nam’s economy, said Vũ Tiến Lộc, chairman of the Việt Nam Chamber of Commerce and Industry (VCCI), at a conference held in Hà Nội on Monday.

Việt Nam’s cashew industry has targeted 300,000 tonnes of cashew exports at a value of US$3 billion this year, a year-on-year reduction of 50,000 tonnes in volume and $500 million in value, according to the Việt Nam Cashew Association.

Commercial banks are optimistic about the foreign exchange market in 2018, noting that the market would be stable with the Vietnamese đồng devaluing slightly by some 0.5-1 percentage points to VNĐ22,710 to VNĐ22,950.

Việt Nam’s shrimp industry will become a key economic sector with sustainable development that is environmentally friendly and can withstand the challenges of climate change, if the national action plan for the development of the shrimp industry by 2025 that was approved by the Prime Minister meets its targets.

The Government needs to enlarge the scale of the market and lure more State-owned enterprises to list shares through speeding up their equitisation, according to Lưu Trung Thái, Vice Chairman of the Military Commercial Joint Stock Bank.

Hong Kong is keen on investing in infrastructure projects in Việt Nam—a blessing given the country’s immense need for infrastructure financing to keep pace with its rapid economic expansion.

Vietnamese shares soared in the first trading session of the week as investor confidence remained strong on expectations for good earnings reports.

The Việt Nam Footwear Summit 2018 will take place from March 21-22 at The Reverie Sài Gòn Hotel in HCM City.

The HCM City Tax Department plans to continue to collect taxes from online businesses that use Facebook and other social media sites.  

Steelmaker Hoà Phát Group posted a record-high after-tax profit of VNĐ8 trillion (US$352.3 million) in 2017.

Outstanding loans to the trade and services sector last year rose by 19 per cent against the end of 2016 to nearly VND4 quadrillion (US$176.21 billion), the State Bank of Vietnam reported.

Three first wind turbines of the Đầm Nại wind project in the coastal Southern Central province of Ninh Thuận were completed and put into commercial operation from Saturday.

Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) posted a pre-tax profit of more than VNĐ8.1 trillion (US$356.6 million) in 2017, registering a 65 per cent year-on-year increase.

Việt Nam Lottery Company (Vietlott) reported a revenue of more than VNĐ3.8 trillion (US$168.6 million) in 2017, more than double the revenue in 2016.

Vietnam Airlines Corporation has ranked 9th in the Top 50 Vietnam The Best.

As 2018 rolls in with newer and weightier free trade agreements (FTAs), Vietnamese enterprises are faced with a do or die situation. Eventually, they can either fully adapt and move up the global supply chain, or stand by helplessly while imported goods take over the country’s market.

If banks failed to increase their capital, it would have a strong negative impact on their credit plans. They would not be able to serve the economy as well as they ought to.